Table of Contents:
- Coin prognosis
- What is yearn.finance coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
- Where to buy YFI
Possible bearishness on yearn.finance Downside
Over the past few weeks, yearn.finance's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying YFI at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
| YFI Price | $34579.8200 USD |
| Price Change24h | $2402.9800 USD (7.47%) |
| 24h Low / 24h High | $31908.4400 / $34746.7400 USD |
| Trading Volume24h | $616 USD |
| MarketCap | $1,267,903,744 USD |
What is yearn.finance? Fundamental Analysis
Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders.Core Products:Vaults:Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise.Earn:The first Yearn product was a lending aggregator. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. Users can deposit to these lending aggregator smart contracts via the Earn page.Zap:A tool that enables users to swap into and out of (known as "Zapping") several liquidity pools available on Curve.Finance. These pools benefit from the lending aggregators discussed above, as well as earning users trading fees by partcipating as Liquidity Providers (LPs) on Curve.Fi. Currently users can use five stablecoins (BUSD, DAI, USDC, USDT, TUSD) and "Zap" into one of two pools (y.curve.fi or busd.curve.f) on Curve. Alternatively, users can "Zap" out of these two Curve pools and into one of the five base stablecoins.Cover:Insurance that enables users to obtain coverage against financial loss for various smart contracts and/or protcols on the Ethereum blockchain. Cover is underwritten by Nexus Mutual.Governance:The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem. Proposals that generate a majority support (>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes must be signed by 6 out of the 9 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by YFI holders and are subject to change from future governance votes.
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Jan 18, 2022 | $34746.7400 | Neutral |
| February, 2022 | $ 42,059 USD | Upside |
| March, 2022 | $ 31,597 USD | Downside |
| April, 2022 | $ 33,989 USD | Downside |
| July, 2022 | $ 33,381 USD | Downside |
| January, 2023 | $ 33,315 USD | Downside |
YFI Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will yearn.finance rise today? | Our data indicates yearn.finance will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of yearn.finance (YFI) in future? | Our analysis shows yearn.finance is already past it's immediate all time high, indicating a bearish signal! |
| Will yearn.finance (YFI) price increase in future? | No. Our algorithms indicate that yearn.finance (YFI) will experience a significant decline in future. As low as $33315.4295/YFI |
| Will an Investment in yearn.finance (YFI) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of yearn.finance (YFI) in future? | $33315.4295 USD |
| Will the price of yearn.finance (YFI) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 yearn.finance? | Our analysis shows an end of year prognosis of 1YFI = $33315.4295 USD. |
| Where do I buy yearn.finance? | We have curated some great options. Buy YFI coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like YFI has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| January 12, 2022 | $32759.64 | $123,579 |
| January 11, 2022 | $32038.54 | $23,388,366 |
| January 10, 2022 | $32663.93 | $47,860,025 |
| January 9, 2022 | $33076.78 | $44,155,731 |
| January 8, 2022 | $35812.37 | $40,610,049 |
| January 7, 2022 | $35959.07 | $100,682,289 |
| January 6, 2022 | $32560.12 | $54,478,842 |
| January 5, 2022 | $36283.97 | $53,120,060 |
| January 4, 2022 | $38744.77 | $47,374,859 |
| January 3, 2022 | $39134.56 | $86,950,064 |
| January 2, 2022 | $36546.77 | $65,331,680 |
| January 1, 2022 | $33045.07 | $59,814,523 |
| December 31, 2021 | $30194.84 | $49,621,071 |
| December 30, 2021 | $28568.97 | $25,807,408 |
| December 29, 2021 | $28700.72 | $29,116,675 |
| December 28, 2021 | $31746.13 | $38,236,566 |
| December 27, 2021 | $31164.85 | $30,070,369 |
| December 26, 2021 | $31229.9 | $13,875,193 |
| December 25, 2021 | $32547.78 | $16,592,541 |
| December 24, 2021 | $31559.18 | $35,608,237 |
| December 23, 2021 | $31644.78 | $38,360,330 |
| December 22, 2021 | $34702.5 | $56,038,546 |
| December 21, 2021 | $36779.14 | $55,586,022 |
| December 20, 2021 | $31980.54 | $123,593,604 |
| December 19, 2021 | $31316.11 | $41,161,919 |
| December 18, 2021 | $33640.98 | $75,673,714 |
| December 17, 2021 | $24622.03 | $159,242,504 |
| December 16, 2021 | $20671.88 | $53,927,548 |
| December 15, 2021 | $20141.71 | $10,502,275 |
| December 14, 2021 | $19605.93 | $11,126,048 |
Where and How to Buy yearn.finance (YFI) Coin
There are 3 steps to purchasing yearn.finance. They are:
- Buy Bitcoin: Buying Bitcoin in 2022 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase YFI directly with USD. They are: Coinbase, Gemini, Kraken, Cexio, Bitfinex, OKCoin, ftx, blockchaincom, P2PB2B, .
- Move the Bitcoin to an Exchange that supports YFI: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the YFI/BTC trading pairs.
At the moment, YFI is currently available for purchase with Bitcoin at Kraken, HuobiPro, OKEX, huobikorea, Gateio, CoinEx, oneinch, Coinbase, Kraken, Binance, HuobiPro, ftx, OKEX, Exmo, CoinJar, HitBTC, huobikorea, Coinsbit, bitcoincom, CoinEx, LAToken, P2PB2B, nominex, beldex, . - Buy yearn.finance on the Exchange: Now, you can buy yearn.finance with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different YFI pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.
USD Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | YFI/USD | $12,505,524 USD | AA |
| Gemini | YFI/USD | $965,680 USD | AA |
| Kraken | YFI/USD | $1,225,210 USD | AA |
| Cexio | YFI/USD | $8,768 USD | A |
| Bitfinex | YFI/USD | $1,368,458 USD | A |
| OKCoin | YFI/USD | $2,156 USD | A |
| ftx | YFI/USD | $2,745,498 USD | A |
| blockchaincom | YFI/USD | $6,389 USD | BB |
| P2PB2B | YFI/USD | $26,824 USD | D |
Bitcoin Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | YFI/BTC | 58.9378 BTC | AA |
| Kraken | YFI/BTC | 4.6830 BTC | AA |
| Binance | YFI/BTC | 241.4713 BTC | A |
| HuobiPro | YFI/BTC | 6.2345 BTC | A |
| ftx | YFI/BTC | 2.0934 BTC | A |
| OKEX | YFI/BTC | 232.7984 BTC | BB |
| Exmo | YFI/BTC | 0.0024 BTC | BB |
| CoinJar | YFI/BTC | 4.6639 BTC | BB |
| HitBTC | YFI/BTC | 0.1292 BTC | B |
| huobikorea | YFI/BTC | 4.9134 BTC | B |
| Coinsbit | YFI/BTC | 14.2742 BTC | B |
| bitcoincom | YFI/BTC | 0.1292 BTC | B |
| CoinEx | YFI/BTC | 1.1526 BTC | C |
| LAToken | YFI/BTC | 16.4814 BTC | C |
| P2PB2B | YFI/BTC | 0.2062 BTC | D |
| nominex | YFI/BTC | 0.9756 BTC | - |
| beldex | YFI/BTC | 23.2567 BTC | - |
Eth Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Kraken | YFI/ETH | 24.2566 ETH | AA |
| HuobiPro | YFI/ETH | 52.9935 ETH | A |
| OKEX | YFI/ETH | 209.5883 ETH | BB |
| huobikorea | YFI/ETH | 45.8665 ETH | B |
| Gateio | YFI/ETH | 5.0124 ETH | B |
| CoinEx | YFI/ETH | 15.7474 ETH | C |
| oneinch | YFI/ETH | 24.0481 ETH | - |
